Vietnam attracts global manufacturers despite US tariff increases

Policy incentives and role in supply chain continue to lure companies from China.

20250612 Skoda Vietnam

Czech car company Skoda Auto opened the new assembly plant near the city of Ha Long in the northeast of Vietnam on March 26, together with its regional partner and investor Thanh Cong Group. (CTK via AP Images)

YANG MIN and DENISE JIA, Caixin

Despite steep U.S. tariffs, Vietnam continues to attract strong foreign investment -- especially in manufacturing and industrial real estate -- driven by policy incentives, improving infrastructure and its strategic role in the global supply chain move away from China.

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